No. 1928 confirmatory resolution of SBRC for SSDA ratifying/confirming No. 1914 designating the SSDA, declaring the SSDA to be blighted approving a dev. plan establishing TIF

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items described in Ind. Code § 36- 7- 14- 25.1(a)); (K) Reimburse public and private entities for expenses incurred in training employees of industrial facilities that are located (i) within the allocation area; and (ii) on a parcel of real property that has been classified as industrial property under the rules of the state board of tax commissioners; (L) Reimburse the Commission for preliminary expenditures paid from Commission funds prior to the issuance of the bonds with bond proceeds, said expenditures to include legal, architectural, engineering, surveys, appraisals, and supervisory expenses related to the acquisition and redevelopment of property, the issuance of bonds and related costs; provided, however, that if future uses of property tax proceeds allocated to the allocation fund are authorized or permitted by amendment to the Act, including Ind. Code § 39- 7- 14 -39, after the effective date of this resolution, those uses shall also be authorized or permitted for property tax proceeds allocated hereby; and further provided that the allocation fund may not be used for operating expenses of the Commission. C. Inasmuch as a portion of the allocation area is located within an enterprise zone created under Ind. Code § 4- 4- 4 -6.1, the provisions of Ind. Code § 36- 7- 14 -39(g) shall apply to the use and allocation of proceeds in excess of those described in subsection B(1) of this Resolution. D. When the funds are no longer need for the purposes permitted in subsection B, above, moneys in the allocation fund in excess of that amount shall be paid to the respective taxing units in the manner prescribed in Ind. Code § 36- 7- 14- 39(b)(1). E. "Property taxes" and "property tax proceeds" as used in this resolution shall mean taxes imposed on real property under Ind. Code § 6 -1.1. BE IT FURTHER RESOLVED that the Commission's Declaratory Resolution No. 1914, adopted by the South Bend Redevelopment Commission, Governing Body of the City of South Bend, Department of Redevelopment, on November 1, 2002 in accordance with the Act is hereby ratified, confirmed and approved without change. BE IT FURTHER RESOLVED that pursuant to Ind. Code § 36- 7- 14- 17(d), this Resolution constitutes a final action by the Commission determining the public utility and benefit of the proposed project and confirming its Declaratory Resolution No. 1914 pertaining to the South Side Page -9-